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Last Updated: April 2, 2026, 3:04 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540136 | NSE: HPL

HPL Electric & Power Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹241.55Overvalued by 17.84%vs CMP ₹294.00

P/E (18.7) × ROE (10.8%) × BV (₹149.00) × DY (0.34%)

₹258.32Overvalued by 12.14%vs CMP ₹294.00
MoS: -13.8% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹400.3426%Under (+36.2%)
Graham NumberEarnings₹225.2219%Over (-23.4%)
DCFCash Flow₹258.1813%Over (-12.2%)
Net Asset ValueAssets₹148.328%Over (-49.6%)
EV/EBITDAEnterprise₹253.7711%Over (-13.7%)
Earnings YieldEarnings₹151.308%Over (-48.5%)
ROCE CapitalReturns₹206.678%Over (-29.7%)
Revenue MultipleRevenue₹132.016%Over (-55.1%)
Consensus (8 models)₹258.32100%Overvalued
Key Drivers: EPS CAGR 65.7% lifts DCF — verify sustainability.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 65.7%

*Investments are subject to market risks

Investment Snapshot

62
HPL Electric & Power Ltd scores 62/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health64/100 · Moderate
ROCE 14.5% GoodROE 10.8% AverageD/E 0.70 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 72.7% Stable
Earnings Quality50/100 · Moderate
OPM stable around 14% Steady
Quarterly Momentum80/100 · Strong
Revenue (4Q): +9% YoY GrowingProfit (4Q): +37% YoY Strong
Industry Rank65/100 · Strong
P/E 18.7 vs industry 60.2 Cheaper than peersROCE 14.5% vs industry 14.9% Average3Y sales CAGR: 19% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:04 am

Market Cap 1,893 Cr.
Current Price 294
Intrinsic Value₹258.32
High / Low 640/256
Stock P/E18.7
Book Value 149
Dividend Yield0.34 %
ROCE14.5 %
ROE10.8 %
Face Value 10.0
PEG Ratio0.28

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for HPL Electric & Power Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
HPL Electric & Power Ltd 1,893 Cr. 294 640/25618.7 1490.34 %14.5 %10.8 % 10.0
Epack Durable Ltd 2,093 Cr. 218 421/19651.1 99.40.00 %9.70 %5.98 % 10.0
MIRC Electronics Ltd 1,016 Cr. 27.5 37.5/11.3 4.240.00 %5.35 %1.81 % 1.00
IKIO Lighting Ltd 882 Cr. 114 259/10446.4 74.50.00 %8.22 %5.55 % 10.0
CWD Ltd 599 Cr. 270 425/16270.3 47.90.00 %9.51 %5.78 % 10.0
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of HPL Electric & Power Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 302363321350366424393422392493383434474
Expenses 265318281303316369337362337410325369402
Operating Profit 37454047505556615682586672
OPM % 12%12%12%13%14%13%14%14%14%17%15%15%15%
Other Income 111112111211-5
Interest 19202222222424222123232426
Depreciation 889991210111111121315
Profit before tax 10171117192123292451253026
Tax % 35%36%36%35%37%36%26%26%26%27%26%27%25%
Net Profit 611711121417221837182220
EPS in Rs 0.991.751.081.711.862.132.653.352.815.782.873.463.02

Last Updated: March 4, 2026, 9:15 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 24, 2026, 10:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,0111,0471,1169861,0361,1589778751,0141,2621,4611,7001,784
Expenses 9069229758629261,0258517568891,1051,2681,4451,506
Operating Profit 105125141124110134126119125157193255278
OPM % 10%12%13%13%11%12%13%14%12%12%13%15%16%
Other Income 555544444434-0
Interest 59707868515861646875909095
Depreciation 13161924233237454738394250
Profit before tax 3844483740483114144768128133
Tax % 25%21%24%30%32%32%28%27%44%35%36%26%
Net Profit 2835372628332210830449498
EPS in Rs 15.2818.647.894.014.275.063.391.551.214.696.7714.5815.13
Dividend Payout % 1%1%1%37%23%4%4%10%12%21%15%7%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)25.00%5.71%-29.73%7.69%17.86%-33.33%-54.55%-20.00%275.00%46.67%113.64%
Change in YoY Net Profit Growth (%)0.00%-19.29%-35.44%37.42%10.16%-51.19%-21.21%34.55%295.00%-228.33%66.97%

HPL Electric & Power Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:5%
5 Years:12%
3 Years:19%
TTM:10%
Compounded Profit Growth
10 Years:10%
5 Years:33%
3 Years:129%
TTM:77%
Stock Price CAGR
10 Years:%
5 Years:69%
3 Years:83%
1 Year:-23%
Return on Equity
10 Years:5%
5 Years:5%
3 Years:7%
Last Year:11%

Last Updated: September 5, 2025, 6:30 am

Balance Sheet

Last Updated: December 4, 2025, 1:23 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 19194664646464646464646464
Reserves 291300308624640664684694700729764851891
Borrowings 424514579376486526586582597600627639742
Other Liabilities 252308405363331266234250276307419540566
Total Liabilities 9861,1411,3381,4271,5211,5211,5691,5901,6381,7011,8742,0952,264
Fixed Assets 277307335399425453494464447451461498586
CWIP 29030073210910847
Investments 15155400000000010
Other Assets 6648199471,0281,0951,0601,0721,1241,1811,2411,4031,5891,620
Total Assets 9861,1411,3381,4271,5211,5211,5691,5901,6381,7011,8742,0952,264

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 4627103320836385101104100138
Cash from Investing Activity + -49-39-92-51-59-57-60-8-41-40-39-70
Cash from Financing Activity + -220-144940-29-3-71-58-74-72-66
Net Cash Flow -68-312-3-062-10-112
Free Cash Flow -8-1646-52-4222-17257615763
CFO/OP 50%30%79%9%29%68%55%72%83%71%59%65%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-319.00-389.00-438.00-252.00-376.00-392.00-460.00-463.00-472.00-443.00-434.00-384.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 118140168174165148173214182174174153
Inventory Days 132157156211227199262293283211218230
Days Payable 98125164148154104104126128100116142
Cash Conversion Cycle 152173160236237244332381337285276241
Working Capital Days 139242276636079103959010382
ROCE %14%15%14%11%8%9%7%6%6%9%11%14%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%72.66%
FIIs 0.02%0.43%0.00%0.00%0.24%0.74%0.51%0.58%0.31%0.70%0.34%0.28%
DIIs 0.31%0.24%0.23%0.23%0.32%0.23%0.23%0.23%0.26%0.30%0.19%0.10%
Public 27.02%26.68%27.12%27.12%26.78%26.38%26.59%26.53%26.77%26.33%26.81%26.96%
No. of Shareholders 65,65664,21573,57578,5111,15,8261,25,0851,42,9071,45,2251,47,6031,40,9161,39,6311,35,727

Shareholding Pattern Chart

No. of Shareholders

HPL Electric & Power Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 14.586.784.691.211.55
Diluted EPS (Rs.) 14.586.784.691.211.55
Cash EPS (Rs.) 21.1712.8010.678.548.55
Book Value[Excl.RevalReserv]/Share (Rs.) 142.32129.10123.69119.17118.20
Book Value[Incl.RevalReserv]/Share (Rs.) 142.32129.10123.69119.17118.20
Revenue From Operations / Share (Rs.) 264.42227.19196.30157.69136.09
PBDIT / Share (Rs.) 40.3630.5424.9520.1119.14
PBIT / Share (Rs.) 33.8024.5318.9812.7912.15
PBT / Share (Rs.) 19.8510.597.262.172.13
Net Profit / Share (Rs.) 14.626.784.701.211.56
NP After MI And SOA / Share (Rs.) 14.626.784.691.211.55
PBDIT Margin (%) 15.2613.4412.7112.7514.06
PBIT Margin (%) 12.7810.799.678.118.92
PBT Margin (%) 7.504.663.691.371.56
Net Profit Margin (%) 5.522.982.390.761.14
NP After MI And SOA Margin (%) 5.522.982.390.761.13
Return on Networth / Equity (%) 10.275.253.801.011.31
Return on Capital Employeed (%) 22.4716.4313.889.719.41
Return On Assets (%) 4.482.321.770.470.62
Long Term Debt / Equity (X) 0.020.080.030.050.03
Total Debt / Equity (X) 0.690.720.720.710.70
Asset Turnover Ratio (%) 0.850.810.750.630.54
Current Ratio (X) 1.391.511.461.441.42
Quick Ratio (X) 0.770.880.870.790.83
Inventory Turnover Ratio (X) 2.681.881.691.411.24
Dividend Payout Ratio (NP) (%) 6.8414.753.1912.409.68
Dividend Payout Ratio (CP) (%) 4.727.821.401.751.75
Earning Retention Ratio (%) 93.1685.2596.8187.6090.32
Cash Earning Retention Ratio (%) 95.2892.1898.6098.2598.25
Interest Coverage Ratio (X) 2.892.192.131.891.91
Interest Coverage Ratio (Post Tax) (X) 2.051.491.401.111.16
Enterprise Value (Cr.) 3230.482599.471071.00898.39794.67
EV / Net Operating Revenue (X) 1.901.780.840.880.90
EV / EBITDA (X) 12.4513.246.686.956.46
MarketCap / Net Operating Revenue (X) 1.561.390.420.400.35
Retention Ratios (%) 93.1585.2496.8087.5990.31
Price / BV (X) 2.902.460.680.530.41
Price / Net Operating Revenue (X) 1.561.390.420.400.35
EarningsYield 0.030.020.050.010.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

HPL Electric & Power Ltd. is a Public Limited Listed company incorporated on 28/05/1992 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74899DL1992PLC048945 and registration number is 048945. Currently Company is involved in the business activities of Manufacture of consumption meters for electricity, water or gas, flow meters and counting meters. Company's Total Operating Revenue is Rs. 1684.41 Cr. and Equity Capital is Rs. 64.30 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer Electronics1/20, Asaf Ali Road, New Delhi Delhi 110002Contact not found
Management
NamePosition Held
Ms. Lalit SethChairman & Wholetime Director
Ms. Rishi SethManaging Director
Mr. Gautam SethJoint Managing Director & CFO
Dr. Rashmi VijIndependent Director
Mr. Dhruv GoyalIndependent Director
Mr. Ajit SoodIndependent Director

FAQ

What is the intrinsic value of HPL Electric & Power Ltd and is it undervalued?

As of 08 April 2026, HPL Electric & Power Ltd's intrinsic value is ₹258.32, which is 12.14% lower than the current market price of ₹294.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (10.8 %), book value (₹149), dividend yield (0.34 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of HPL Electric & Power Ltd?

HPL Electric & Power Ltd is trading at ₹294.00 as of 08 April 2026, with a FY2026-2027 high of ₹640 and low of ₹256. The stock is currently near its 52-week low. Market cap stands at ₹1,893 Cr..

How does HPL Electric & Power Ltd's P/E ratio compare to its industry?

HPL Electric & Power Ltd has a P/E ratio of 18.7, which is below the industry average of 60.24. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is HPL Electric & Power Ltd financially healthy?

Key indicators for HPL Electric & Power Ltd: ROCE of 14.5 % is moderate. Dividend yield is 0.34 %.

Is HPL Electric & Power Ltd profitable and how is the profit trend?

HPL Electric & Power Ltd reported a net profit of ₹94 Cr in Mar 2025 on revenue of ₹1,700 Cr. Compared to ₹8 Cr in Mar 2022, the net profit shows an improving trend.

Does HPL Electric & Power Ltd pay dividends?

HPL Electric & Power Ltd has a dividend yield of 0.34 % at the current price of ₹294.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in HPL Electric & Power Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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